...The following is an example of the process involved in writing a Case Study paper. The Case Study is found at the end of Chapter 1 of your textbook; Elektra Products, Inc. Items in red font are explanatory notes and would not be included in the finished product. Charles A. Student 20 Nov 2011 Elektra Products, Inc. The following summary identifies the basic substance of the situation, the key individuals involved, and the dilemma faced by the responsible manager. Summary: Barbara Russell, Elektra's Vice President of Manufacturing, has been tasked by Martin Griffin, Elektra's new President, to head one of the teams that will devise a plan to change Elektra's management style from a traditional top-down firm to a de-centralized organization that emphasizes employee empowerment in the management process. Ms. Russell forms an enthusiastic team that works extra hours to compile management changes that would allow employees at all levels to make decisions appropriate to their positions. However, When the recommendations are presented to department heads, they receive a cold reception when Mr. Griffin is called away from the meeting. Ms. Russell is now faced with the problem of implementing change against the resistance of the mid-level management. Question 1: How might top management have done a better job changing Elektra Products into a new kind of organization? What might they do now to get the empowerment process back on track? Note: Question 1 asks two...
Words: 604 - Pages: 3
...Case Analysis Report: ELEKTRA PRODUCTS, INC. Define the Problem in the Case Elektra Products Inc. is an established company that has historically done well until recently, when a host of problems ranging from outside competition to company moral became apparent. It would be nice to know more information concerning the extent of the company’s problems, but since they are not talked about in detail, this case study will assume that they are moderately severe since people are actively seeking other employment. In an effort to revive the company, the new CEO, Martin Griffin, introduced a new empowerment campaign to improve performance. Top management then selected managers to lead problem-solving teams to work on new ideas. Even though the idea was good there were still against the change and considered the empowerment campaign as corporate waste such as Simon. Barbara Russel, the manufacturing Vice President, was enthusiastic about the empowerment campaign. Together with her team they made and provided new propositions and shared them with the management. The new CEO showed enthusiasm. But, the other department heads brought lot of questions and speculations about the new propositions right after the CEO left the meeting. This is the list of propositions made by Barbara’s team and Objections from Department Heads: PROPOSITIONS OBJECTIONS Allow salespeople to refund up to $500 worth of merchandise on the spot. Finance: This would create a gold mine for unethical customers...
Words: 1598 - Pages: 7
...Case Study: Elektra Products, Inc. The Case: Problem: Once leading manufacturer/retailer of electrical products/supplies has declining market share, low employee morale, inter-departmental communication gaps (sales and manufacturing not talking), slow innovation (i.e. new products few and far between) One of the solutions: employee empowerment but with a buy-in problem from the department heads during the proposal by B. Russel. Important characters in the case: Barbara Russel (VP for manufacturing; team leader manufacturing team) – working on ideas to improve how retail stores got the merchandise they needed it by: * Manager follow a product from design through sales to customers * Allow salespeople to refund up to $500 worth of merchandise on the spot * Make information available to salespeople about future products * Swap Sales and manufacturing personnel for short periods for job awareness Martin Griffin (New CEO) – excused himself during presentation Department heads – had concerns with Russel’s proposal. Some Employees – not buying the idea Case Discussion 1. How might top management have done a better job changing Elektra Products into a new kind of organization? What might they do now to get the empowerment process back on track? The role of the top management in employee empowerment or in any change management is to exhibit commitment to the change, provide leadership which involves influencing employees to excellence, molding...
Words: 662 - Pages: 3
...Elektra Case Study 1. How might top management have done a better job changing Elektra Products into a new kind of organization? What might it do now to get the empowerment process back on track? As the new CEO, anyone who is not there to give their support should be given a boot. Offer early retirement package to those not supporting the plan. 2. Can you think of ways Barbara could have avoided the problems her team faced in the meeting with department heads? Communication. Involve all other team leads one way or another before the presentation to the new CEO. In this way, they’d be able to say what they have to say and Barbara as the team lead would have found a way to somewhat alleviate or even relieve them of their concerns before her major presentation. Get them on her side to the point that they’d even defend the project to the other naysayers. 3. If you were Barbara Russel, what would you do now? Why? Continue on. Everybody hates change. Every time a change is introduced, expect that there would be resistance. However, change is integral to the company especially now that they are facing a major crisis at work. All the concerns raised during Barbara’s presentation are just excuses that can be addressed. It is in no way a wall that could not be breeched. The concern of the finance department can be addressed by strengthening the rules and regulations for refunds. The HR department can be provided with incentives to reform the completed job categories. A third...
Words: 319 - Pages: 2
...Case Study of PQHRM Module – 01 Evolution of Management Batch - 113 Group – 01 Index Number PQHRM/113/02 PQHRM/113/04 PQHRM/113/14 PQHRM/113/35 PQHRM/113/9 T/PQM/113/111/01 PQHRM/113/34 PQHRM/113/20 Electra Products Inc. Innovative Management at turbulent times Table of Contents I. Executive Summary ........................................... 2 II. Description of Problome.................................... 3 Problem Summary Company & Problem Analysis Empowerment back on track Barbara’s situvation III. Implementations ................................................ 6 Planning Process Continus Improvement Barbars Situvation IV. Conclution ........................................................ 15 V. Extraction ......... Error! Bookmark not defined.16 P AGE |1 Executive Summary Company Electra Products Inc. is an 80 year old publicly held Retail Electrical Product Manufacturer, who has well experienced & loyal set of employees. Barbara Russel is Vise President Manufacturing of this Operation & Martin Griffin is newly appointed CEO to carry out the empowerment program which was a decision of top management as a solution to below problem. Current Situation Company was facing following main problems; In recent years market share of Electra products has declined rapidly due to foreign & domestic competition. Company did not have any new innovations to face the challenging market. Communication...
Words: 3233 - Pages: 13
...FINANCE PORTFOLIO ANALYSIS FINAL WORK DESCRIPTIVE ANALYSIS AND APPLICATION OF THE PORTFOLIO THEORY Abstract The main objective of the work is to construct, through application of the Portfolio theory, an efficient frontier which represents a set of portfolios with optimum risk-return ratio for ten companies from Mexican IPC. The sample used in this work is composed of the most representative companies in this index. A descriptive analysis of the behavior of the stocks included in this study is carried out using the binomial risk-return, which significantly contributes in selecting the most suitable stocks to be included in the portfolio. The work is concluded with finding an optimal portfolio for a risk adverse investor. The main conclusions from study are the poor performance of the construction sector, which holds the lowest returns, the highest risk and negative performance ratios, and the usefulness of the theory of portfolios to get a set of portfolios with higher returns and lower risk than the general Mexican IPC index that represents the market. The importance of diversification of assets is also noted. Keywords: Portfolio theory, Efficient Frontier, Risk-Return, Minimum Variance, Portfolio Contents 1. Introduction 6 1.1 Introduction 6 1.2 Goals 7 1.3 Methodology 7 1.4 Structure 9 2. Theoretical Framework 11 2.1 Risk and Return 11 2.1.1 Portfolio’s Expected Return 12 2.1.2 Portfolio Risk (Standard Deviation) 13 2.2 Diversification...
Words: 17742 - Pages: 71
...Case Study: Electra Quick Summary Barbara Russell, Elektra's Vice President of Manufacturing, has been tasked by Martin Griffin, Elektra's new President, to head one of the teams that will devise a plan to change Elektra's management style from a traditional top-down firm to a de-centralized organization that emphasizes employee empowerment in the management process. Ms. Russell forms an enthusiastic team that works extra hours to compile manPagement changes that would allow employees at all levels to make decisions appropriate to their positions. However, when the recommendations are presented to department heads, they receive a cold reception when Mr. Griffin is called away from the meeting. Ms. Russell is now faced with the problem of implementing change against the resistance of the mid-level management. Question 1: How might top management have done a better job changing Elektra Products into a new kind of organization? What might they do now to get the empowerment process back on track? Answer: * Harry might talk with the employees. He has very much experience because he worked for 20 years in this company. He knows a lot of behaviors in the company, the good and the bad ones. Harry is able to understand the situation and the problems from the staff more than a newcomer. Furthermore he can motivate the others in a different, better way because he is in the same situation and they maybe look up to him. * The top management should support the teams with individual trainings...
Words: 759 - Pages: 4
...Webster University Space Coast Region Merritt Island Campus Case Study Report Of Elektra Products, Inc By MNGT 5000 Management Submitted to: October 30, 2012 Synopsis Electra Products, Inc. is a manufacturing and retailer of electrical products and supplies. It is facing difficult times due to loss of market shares as a result of competition and lack of new product ideas. They are also having personnel, communication and morale issues. Mr. Martin Griffin, new CEO, was hired to turn the company around. He started a new campaign of empowerment and decided to divide the managers into different problem-solving teams. He asked they come up with ideas to implement the new campaign. Barbara Russell, Manufacturing vice president, and her team were excited; however, not everyone felt the same way about the new empowerment campaign. Apparently, personnel were discouraged and lost trust in management because of the failed attempts from the past. Some managers did not believe the new campaign of “empowerment” would change anything. During the following meeting, Barbara reported her team’s recommendations. Mr. Griffin received them with enthusiasm but when he left the room, the other department heads found reasons why the changes would not work. Barbara and her team were very disappointed at the other manager’s lack of support. She was wondering what to do next and thought her choices were not easy: talk to Mr. Griffin, work slowly to gain support...
Words: 850 - Pages: 4
...3.1: Basic Rules of Differentiation Rule 1: Derivative of a Constant The derivative of a constant function = is zero; that is, () = 0. Rule 2: The Power Rule: Let be any number. Then = Chapter 3: Differentiation Examples: If = , then its derivative is the function 2; that is, = 2. If = , then the derivative is 3 ; that is, = 3 . Q. What is the slope of the curve = at the point = −2? a) -32 c) 16 Rule 3: Constant-Multiple Rule Let be any constant. Then () = () b) -10 d) 80 Rule 4: Sum Rule + () = () + () Q. Differentiate = + Q. Differentiate = 2 A. 2 ⁄ =2 ⁄ =2 ⁄ = ⁄ A. = + = + = 3 + 2 Q. Differentiate = 3 + Q. Differentiate = a) 3 + 2 c) 5 a) ⁄ b) ⁄ d) ⁄ c) b) 3 + 2 d) 3 ⁄ Rule 5: General Power Rule () = () To summarize: Rule 3: Constant-Multiple Rule () = () Rule 4: Sum Rule + () = () + () Rule 5: General Power Rule () = () () () Q. Differentiate = + 3 A. +3 = 2 +3 +3 = (2 + 6)(3 ) = 6 + 18 Q. Differentiate = + 1 Q. Differentiate = 5 3 + A. Let’s first rewrite the formula as = 5 3 + 5 3 + ⁄ =5 =5 = 3 + 3 + a) 8 + 2 c) 2 + 6 ⁄ ⁄ b) 4 + 4 d) 4 + constant-multiple rule Q. Differentiate = + 2 ⁄ 9 + 1 general power rule a) 6 + 16 +...
Words: 6619 - Pages: 27
...Marvel Entertainment: Marvel Studios Amy J. Keller June 28, 2009 This case study focuses on the Marvel Studios franchise. Marvel Entertainment took a huge risk when it decided to stop licensing its’ characters to outside production companies and develop their own in-house productions via Marvel Studios. This study focuses on the history of Marvel Studios and what harm or benefit has come from the creation of Marvel Studios and the expansion into filmmaking. Biography/History Marvel Entertainment, Inc. is a prominent character-based entertainment company that is worldwide. The have a collection of 5,000 characters that cover a 70-year company span and sever media types (comics, toys, movies, et cetera). “Marvel’s strategy is to leverage its franchises in a growing array of opportunities around the world, including feature films, consumer products, toys, video games, animated television, direct-to-DVD and online” (Viacom). Marvel Studios mission is to “develop and manage entertainment projects that leverage Marvel’s vast universe of creative content” (Marvel.com). Throughout the 1970s and 1980s, Marvel had licensed out a number of their characters for movies and direct-to-TV productions. Very few of these are remembered today. One that you might recall is Howard the Duck; it didn’t do so well in the box office. The reasoning behind such failures was the lack of research the company put into it’s licensing (Stax). Marvel Studios...
Words: 1975 - Pages: 8
...FUEL SUBSIDY REMOVAL AND THE NIGERIAN ECONOMY (A CASE STUDY OF ABAKILIKI LOCAL GOVERNMENT AREA, EBONYI STATE) BY NKWAGU OLUCHI WINIFRED PA/2008/182 DEPARTMENT OF PUBLIC ADMINISTRATION FACULTY OF MANAGEMENT AND SOCIAL SCIENCES CARITAS UNIVERSITY, AMORJI-NIKE, ENUGU. ENUGU STATE AUGUST 2012 1 TITLE PAGE FUEL SUBSIDY REMOVAL AND THE NIGERIAN ECONOMY (A CASE STUDY OF ABAKALIKI LOCAL GOVERNMENT AREA, EBONYI STATE) BY NKWAGU OLUCHI WINIFRED PA/2008/182 A RESEARCH PROJECT PRESENTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE (B.SC.) DEGREE IN PUBLIC ADMINISTRATION DEPARTMENT OF PUBLIC ADMINISTRATION, FACULTY OF MANAGEMENT AND SOCIAL SCIENCES, CARITAS UNIVERSITY, AMORJI-NIKE, ENUGU, ENUGU STATE. AUGUST 2012 2 CERTIFICATION This is to certify that Nkwagu Oluchi Winifired with Registratoin Number PA/2008/182 has successfully carried out a research work on “Fuel Subsidy Removal and the Nigerian Economy (A case Study of Abakaliki Local government Area, Ebonyi State.) in partial fulfillment of the requirement for the award of Bachelor of science (B.Sc.) degree in Public Administration ---------------------------------Mr. M. O. Ugada (Project Supervisor) -------------------------Date --------------------------------Mr. M. O. Ugada (HOD Public Adminstration) ---------------------------Date -------------------------------External Examiner ---------------------------Date ...
Words: 26167 - Pages: 105
...A Literature Review of Gaming in Education Research Report Katie Larsen McClarty Aline Orr Peter M. Frey Robert P. Dolan Victoria Vassileva Aaron McVay June 2012 GAMING IN EDUCATION 1 About Pearson Pearson, the global leader in education and education technology, provides innovative print and digital education materials for preK through college, student information systems and learning management systems, teacher licensure testing, teacher professional development, career certification programs, and testing and assessment products that set the standard for the industry. Pearson’s other primary businesses include the Financial Times Group and the Penguin Group. For more information about the Assessment & Information group of Pearson, visit http://www.pearsonassessments.com/. About Pearson’s Research Reports Pearson’s research report series provides preliminary dissemination of reports and articles prepared by TMRS staff, usually prior to formal publication. Pearson’s publications in .pdf format may be obtained at: http://www.pearsonassessments.com/research. GAMING IN EDUCATION Abstract 2 The use of simulations and digital games in learning and assessment is expected to increase over the next several years. Although there is much theoretical support for the benefits of digital games in learning and education, there is mixed empirical support. This research report provides an overview of the theoretical and empirical evidence behind five key claims about...
Words: 8946 - Pages: 36
...Emerging Markets Perspectives - CEO Insights Emerging Markets Perspectives - CEO Insights 1 Convergence & Differentiation What is success in a connected world?* Methodology This report was developed to provide a unique perspective from which to view the successes of companies based in emerging markets. While there are many reports providing valuable insights on how multinationals can expand into emerging markets, very few take a systematic approach towards looking at how emerging-market companies have not only fended off developed-world multinationals, but also found their own ways to expand into foreign markets. In addition to drawing on the insights of PricewaterhouseCoopers partners and associates from every market, we relied on two additional sources: 1. The 11th Annual PwC Global CEO Survey: The authoritative analysis of CEO views on business opportunities and risks of operating in an increasingly connected world. PricewaterhouseCoopers has published the survey for more than a decade, reaching out to more than 1,100 chief executive officers worldwide. The 11th Annual Global CEO Survey was launched in January 2008 at the World Economic Forum’s annual meeting in Davos. The survey data were re-analysed for this report at the country level as well as by contrasting insights from developed versus emerging markets. For the purposes of this report, we define “developed nations” to include 19 economies, including the United States and Canada, 15 in Western Europe, Japan...
Words: 17505 - Pages: 71
...This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee. Organization The overarching logic of the book is intuitive—organized around answers to the what, where, why, and how of international business. WHAT? Section one introduces what is international business and who has an interest in it. Students will sift through the globalization debate and understanding the impact of ethics on global businesses. Additionally, students will explore the evolution of international trade from past to present, with a focus on how firms and professionals can better understand today’s complex global business arena by understanding the impact of political and legal factors. The section concludes with a chapter on understanding how cultures are defined and the impact on business interactions and practices with tangible tips for negotiating across cultures. WHERE? Section two develops student knowledge about key facets of the global business environment and the key elements of trade and cooperation between nations and global organizations. Today, with increasing numbers of companies of all sizes operating internationally, no business or country can remain an island. Rather, the interconnections between countries, businesses, and institutions are inextricable. Even how we define the world is changing. No longer classified into simple and neat...
Words: 239764 - Pages: 960
...Offshore Employment Handbook The Time-Saving “Getting Started” Guide for Finding Offshore Oil, Gas & Energy Jobs WE STRONGLY RECOMMEND TO SAVE THIS DOCUMENT ONTO YOUR HARD DISC NOW!!! Offshore Employment Kit…2 How to Avoid Offshore Oil Job Scams..................................................................... 5 Living the Offshore Life ......................................................................................... 10 Glossary of oilfield terms ....................................................................................... 12 Frequently asked questions about the offshore industries ........................................ 14 Nature of the oil industry ....................................................................................... 16 working conditions ................................................................................................ 19 Employment .......................................................................................................... 20 Occupations in the Industry.................................................................................... 20 Training and Advancement..................................................................................... 22 Earnings ................................................................................................................ 23 Outlook ......................................................................................................
Words: 33356 - Pages: 134
